The Lightning Product Audit
The Lightning Product Audit is a 30min exercise for Product Managers/Leaders to identify the key risks all products face - & to help you take concrete steps to address those risks.
Why is it so important?
If your product lacks strong foundations, it will never succeed.
Most PMs focus on all the wrong stuff, such as how to prioritize their backlog of features.
What primarily matters? If we look at the data on the right, what are the two big things that determine product success?
Addressing the right problem (represented by "lack of market need")
Building a differentiated product solution i.e., something unique + valued (6/9 of the top reasons for product failure stem from lack of differentiation)
Your job as a product leader is managing risk. Whether for the product you currently manage, a product you might be interviewing for, or coming in as a consultant, you must immediately be able to assess these two key risks.
This template was created by Prod MBA.
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Define Your Product's Target Audience
Works best for:
Product Management, Planning
Too broad an audience? Or trying to target too many audiences? This is a certain path to product failure.
B2B – Product Journey Map & User Network
Works best for:
Planning, Product Management
The B2B Product Journey Map & User Network template helps product teams visualize and understand the complex journey of B2B customers. By mapping user interactions, pain points, and touchpoints across the buyer's journey, this template provides insights into user behavior and preferences. With sections for analyzing user needs, identifying opportunities, and optimizing user experiences, it enables teams to design tailored solutions and drive customer satisfaction. This template serves as a strategic tool for enhancing B2B product offerings and maximizing customer value.
Midnight Sailboat Retrospective
Works best for:
Retrospectives, Meetings, Agile Methodology
The Midnight Sailboat Retrospective template offers a metaphorical journey through past experiences and future aspirations, likening the retrospective process to a midnight sailboat voyage. It provides elements for reflecting on challenges faced, lessons learned, and goals for the future. This template enables teams to navigate uncertainties, chart a course for success, and foster a culture of resilience. By promoting reflection and metaphorical thinking, the Midnight Sailboat Retrospective empowers teams to overcome obstacles, embrace change, and sail towards their goals effectively.
Product Metrics & Analytics
Works best for:
Product Management, Planning
The Compelling Product Offer template assists product teams in defining and measuring key product metrics effectively. By identifying performance indicators, setting benchmarks, and tracking progress, this template enables teams to evaluate the success of product initiatives objectively. With sections for defining KPIs, visualizing data, and analyzing trends, it provides actionable insights for driving product improvements and optimizations. This template serves as a dashboard for monitoring product performance and making data-driven decisions that enhance the overall product offering.
Working Backwards Template
Works best for:
Desk Research, Strategic Planning, Product Management
Find out how to use the Working Backwards template to plan, structure, and execute the launch of a new product. Using the template, you’ll figure out if the product is worth launching in the first place.
Product Development Phases
The Product Development Phases template assists product teams in managing and tracking product development stages effectively. By defining key phases such as ideation, design, development, and launch, this template provides a structured framework for project planning and execution. With sections for setting milestones, allocating resources, and tracking progress, it enables teams to streamline development processes and drive projects to successful completion. This template serves as a roadmap for navigating the complexities of product development and ensuring timely delivery of high-quality products.